Logistics firm posts stellar numbers in Q1 on higher income

With India's remarkable economic growth record, the logistics sector is a driving force behind demand, demonstrating considerable resilience in the wake of the pandemic. Strong performance in the initial half of the year is anticipated to gain momentum in the latter part.

Supported by governmental backing, well-formulated policies, burgeoning e-commerce, and strategic investments, the logistics domain is on a trajectory of transformative expansion, led by rising demand for modern logistics firms in the industry. Recent financial disclosures from New Delhi-based entity Sindhu Trade Links underscore this trend, indicating substantial progress.

According to official exchange filings, Sindhu Trade Links has disclosed a notable surge in its quarterly earnings, registering a total income from operations of Rs 444 crore. This represents an impressive surge of over 70 percent on a Year-over-Year basis. Specializing primarily in transportation logistics and auxiliary services, the company has achieved a total income of Rs 2,614 crore during the April-June period of the fiscal year 2022-23.

Exceptional growth is also evident in net profits, as the company reported Rs 29.33 crore in the current reporting quarter, a staggering 600 per cent increase compared to the Rs 5.45 crore recorded during the corresponding period of the previous fiscal year. The filing indicates a net profit of Rs 16.6 crore for the full fiscal year 2022-23.

Notably, Sindhu Trade Links has also announced its ambitious plans to embark on a comprehensive mixed-use township project in Bilaspur, in the Chhattisgarh state. Bilaspur is one of the 100 designated cities which have been earmarked for Smart City development under the famed Smart Cities Mission project.

With a spectrum of support services required for mining and allied activities, logistics, and transportation, the company remains poised to capitalize on the thriving opportunities in India's logistics sector.